The global cyber security market size is expected to reach USD 500.70 billion by 2030, registering a CAGR of 12.9% between 2025 and 2030, according to a new study by Grand View Research Inc.
Stakeholders Invest In Advanced Technologies
Stakeholders have furthered investments in Internet-of-Things (IoT), edge computing, Artificial Intelligence (AI), Machine Learning (ML), big data analytics, 5G, and cloud computing to roll out new solutions, boost revenue streams and attract potential business clients.
- Manufacturing companies
- Banking institutions
- Information technology companies
- Retail companies
- Defense sectors
These advanced technologies have unlocked new growth opportunities for businesses amidst rampant malware, phishing denial of service attacks (DoS) and ransomware attacks.
Google Unveils Cloud Security AI Workbench
Google, Inc. unveiled Cloud Security AI Workbench, powered by Sec-PaLM, in April 2023. This new model is replete with a slew of security intelligence, including threat indicators and research on software vulnerabilities, and provides AI-powered tools to address cyber security challenges.
Trends Suggest Increased Traction For Cyber Security Solutions
Trends suggest an increased traction for cyber security solutions and services in the IT and telecom sector as businesses strive to expand their market penetration and boost product portfolios.
Remote Work Culture Drives Demand For Endpoint Security
Demand for remote and hybrid work culture has expedited the need for Bring-Your-Own-PC (BYOPC), which has led to the need for remote management, including endpoint security, data encryption and strong authentication.
Cyber Security Market Segmentation
The global cyber security market has been segmented based on offering, security, deployment, organization size, solution, end use, and region.
| Offering | Security | Deployment | Organization Size | Solution | End Use | Region |
|---|---|---|---|---|---|---|
| Hardware | Endpoint security | Cloud | Large Enterprises | Unified Threat Management (UTM) | IT and Telecommunications | Asia Pacific |
| Software | Cloud Security | On-premises | SMEs | Data Loss Prevention (DLP) | Retail and E-Commerce | Europe |
| Services | Network Security | Cyber Security | Large Enterprises | Security Information and Event Management (SIEM) | Healthcare | North America |
Key Players Join Forces With Cloud Technology Providers
Key market players have joined forces with cloud technology providers to develop DDoS protection solutions and bolster their portfolios.
- Radware, Inc.
- Internap Holding LLC (INAP)
- Atlas Systems
These collaborations have led to the development of innovative solutions to combat cyber threats.
Market Highlights
The market is expected to witness a CAGR of over 15.9% during the forecast period, with the cloud security segment leading the charge.
- Hardware segment
- Cyber Security Outlook (Revenue, USD Billion, 2017 – 2030)
- Cyber Security Deployment Outlook (Revenue, USD Billion, 2017 – 2030)
- Cyber Security Organization Size Outlook (Revenue, USD Billion, 2017 – 2030)
- Cyber Security Solution Outlook (Revenue, USD Billion, 2017 – 2030)
- Cyber Security End Use Outlook (Revenue, USD Billion, 2017 – 2030)
- Regional Outlook (Revenue, USD Billion, 2017 – 2030)
The hardware segment is poised to depict a high growth rate of 11.7% from 2025 to 2030.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services.
Contact Information
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
